UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-Q


þ		QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended ~~June~~December 3031, 2010


o		TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from ___________ to ___________

Commission file number 333-154931

~~BUYRITE~~BuyRite ~~CLUB~~Club ~~CORP~~Corp.

(Exact name of registrant as specified in its charter)


Florida		26-3290093
(State or other jurisdiction of incorporation or organization)		(I.R.S. Employer Identification Number)


7076 Spyglass Avenue, Parkland, Florida		33076
(Address of principal executive offices)		(Zip Code)

(954) 599-3672

(Issuer’s telephone number, including area code)

Not Applicable

(Former name, former address and former fiscal year, if changed since last report)

~~Indicate~~Check ~~by checkmark~~ whether the ~~registrant~~issuer (1) ~~has~~ filed all reports required to be filed by Section 13 or 15(d) of the ~~Securities~~ Exchange Act ~~of 1934~~ during the ~~preceding~~ past 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes þ No o

Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files). Yes o No þ

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See definitions of “large accelerated filer,” “accelerated filer,” and “smaller reporting company” in Rule 12b-2 of the Exchange Act. (Check one):

Large accelerated filer o Accelerated filer o Non-accelerated filer o Smaller reporting company þ (Do not check if a smaller reporting company)

Non-accelerated filer o Smaller reporting company þ

(Do not check if a smaller reporting company)

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes o No þ

Indicate the number of shares outstanding of each of the issuer’s classes of common stock, as of the latest practicable date.

Class		Outstanding at ~~July~~January 110, ~~2010~~2011
Common Stock, $0.0001		625,000 shares
Preferred Stock, $0.001		0

BUYRITE CLUB CORP.

TABLE OF CONTENTS

PAGE Part I Financial Information 3 Item 1. Financial Statements 3 Condensed Balance Sheets at ~~June~~December 3031, 2010 (unaudited) and September 30, ~~2009~~2010 (audited) 3 Condensed Statements of Operations for the three ~~and nine~~ months ended ~~June~~December 3031, 2010 and 2009 and the cumulative period from August 31, 2008 (inception) through ~~June~~December 3031, 2010 4 ~~Statement~~Condensed Statements of ~~Stockholders’~~Shareholders' Equity/(Deficit) ~~for~~from ~~the period~~ August 31, 2008 (inception) through ~~June~~December 3031, 2010 5 Condensed Statements of Cash Flows atfor ~~June~~the 30three months ended December 31, 2010 and 2009 and the cumulative period from August 31, 2008 (inception) through December 31, 2010 6 Notes to Condensed Financial Statements 7 Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations. 11 Item 3. Quantitative and Qualitative Disclosures About Market Risk. 14 Item 4T. Controls and Procedures. 1514 Part II Other Information 15 Item 1. Legal Proceeding. 15 Item 1A. Risk Factors. 15 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds. 15 Item 3. Defaults Upon Senior Securities. 15 Item 4. (Removed and Reserved). 15 Item 5. Other Information. 15 Item 6. Exhibits. 15 ~~Signatures 16~~

PART I FINANCIAL INFORMATION

Item 1. Financial Statements

BUYRITE CLUB CORP

(A DEVELOPMENT STAGE COMPANY)

CONDENSED BALANCE SHEET

	Unaudited June 30, 2010			Audited September 30, 2009
		Unaudited			Audited
ASSETS
		December 31, 2010			September 30, 2010
CURRENT ASSETS:
ASSETS
Cash and equivalents	$	1		$	51
CURRENT ASSETS:
Total Current Assets		1			51
Cash and equivalents		$	1		$	1
OTHER ASSETS:
Total Current Assets			1			1
Intellectual assets, net		3,750			6,000
OTHER ASSETS:
Total Assets	$	3,750		$	6,051
Intellectual assets, net			2,250			3,000
LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIENCY)
Total Assets		$	2,251		$	3,001
CURRENT LIABILITIES:
LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIENCY)
Accounts payable	$	—		$	—
CURRENT LIABILITIES:
Accrued expenses		—			4,500
Accounts payable		$	—		$	—
Accrued interest payable		—			50
Accrued expenses			1,500			4,870
Loans from related parties		—			1,500
Accrued interest payable			46			—
Total Liabilities		—			6,050
Loans from related parties			8,348			1,978
STOCKHOLDERS' EQUITY:
Total Liabilities			9,894			6,848
Preferred stock, par value $.001; 10,000,000 shares authorized;
STOCKHOLDERS' EQUITY (DEFICIT):
0 issued at June 30, 2010 and September 30, 2009	$	—		$	—
Preferred Stock, par value $.001; 10,000,000 shares authorized; 0 issued at December 31, 2010 and September 30, 2010			—			—
Common stock , par value $.0001; 500,000,000 shares authorized;
Common stock , par value $.0001; 500,000,000 shares authorized; 625,000 shares issued as of December 31, 2010 and September 30, 2010		$	63		$	63
625,000 shares issued as of June 30, 2010 and 600,000 shares issued
Additional paid in capital			48,937			48,937
at September 30, 2010		63			60
Deficit accumulated during the development stage			(56,643	)		(52,847	)
Additional paid in capital		48,937			38,940
Total Stockholders' Equity/(Deficit)			(7,643	)		(3,847	)
Deficit accumulated during the development stage		(45,249	)		(38,999	)
Total Liabilities and Stockholders' Equity/(Deficit)		$	2,251		$	3,001
Total Stockholders' Equity		3,751			1
Total Liabilities and Stockholders' Equity	$	3,751		$	6,051

The accompanying notes are an integral part of these statements.

BUYRITE CLUB CORP

(A DEVELOPMENT STAGE COMPANY)

CONDENSED STATEMENTS OF OPERATIONS

For the Period August 31, 2008 (inception) through ~~June~~December 3031, 2010

(Unaudited)

	For the three months ended June 30, 2010			For the three months ended June 30, 2009			For the nine months ended June 30, 2010			For the nine months ended June 30, 2009			Cumulative from August 31, 2008 (inception) Through June 30, 2010
								Cumulative from
Net Sales	$	—		$	—		$	—		$	—		$	—
		For the three			For the three			August 31, 2008
Cost of Sales		—			—			—			—			—
		months ended			months ended			(inception) thru
Gross Profit		—			—			—			—			—
		December 31, 2010			December 31, 2009			December 31, 2010
Operating Expenses:
Net Sales		$	—		$	—		$	—
Legal and Accounting		500			1,000			2,500			20,313			27,313
Cost of Sales			—			—			—
Consulting		—			—			—			7,486			7,486
Gross Profit			—			—			—
General and Administrative		377			500			1,377			3,250			5,027
Operating Expenses:
Amortization		750			750			2,250			2,250			5,250
Legal and Accounting			1,500			1,500			33,238
Total Operating Expenses		1,627			2,250			6,127			33,299			45,076
Consulting			0			0			7,486
Operating Loss		(1,627	)		(2,250	)		(6,127	)		(33,299	)		(45,076	)
General and Administrative			1,500			500			8,950
Other income/expenses:
Amortization			750			750			6,750
Interest expense		36			—			123			—			173
Total Operating Expenses			3,750			2,750			56,424
Total Other Income/(Expenses)		36			—			123			—			173
Operating Loss			(3,750	)		(2,750	)		(56,424	)
Net (loss) before Income Taxes		(1,663	)		(2,250	)		(6,250	)		(33,229	)		(45,249	)
Other income/expenses:
Provision for Income Taxes		—			—			—			—			—
Interest expense			(46	)		—			(219	)
Net (loss)	$	(1,663	)	$	(2,250	)	$	(6,250	)	$	(33,229	)	$	(45,249	)
Total Other Income/ (Expenses)			(46	)		—			(219	)
Basic and diluted net loss per common share		**			**		$	(0.01	)	$	(0.06	)
Net (loss) before Income Taxes			(3,796	)		(2,750	)		(56,643	)
Weighted average number of common shares outstanding		602,000			600,000			600,607			600,000
Provision for Income Taxes			—			—			—
Net (loss)		$	(3,796	)	$	(2,750	)	$	(56,643	)
Basic and diluted net loss per common share		$	(0.006	)	$	(0.005	)
Weighted average number of common shares outstanding			625,000			600,000

** - Less than $0.01 per share

The accompanying notes are an integral part of these statements.

BUYRITE CLUB CORP

(A DEVELOPMENT STAGE COMPANY)

~~STATEMENT~~CONDENSED STATEMENTS OF STOCKHOLDERS' EQUITY/(DEFICIT)

For the Period August 31, 2008 (inception) through ~~June~~December 3031, 2010

												Accumulated
				Additional			Accumulated			Total
												(Deficit)
	Common Stock			Paid in			(Deficit) During			Stockholders'
									Additional			During			Total
Par Value of $0.0001	Shares	Amount		Capital			Development Stage			Equity/(Deficit)
	Preferred Stock			Common Stock					Paid in			Development			Stockholders'
Balance at August 31, 2008 (date of inception)	—	$	—	$	—		$	—		$	—
Par Value of $0.0001	Shares	Amount		Shares		Amount			Capital			Stage			Equity
Common Stock issued for subscription agreement	450,000		45		8,955			—			9,000
Balance at August 31, 2008 (date of inception)	—	$	—	—		$	—		$	—		$	—		$	—
Net (loss) for the period ending September 30, 2008	—		—		—			(400	)		(400	)
Common Stock issued for subscription agreement	—		—	450,000			45			8,955			—			9,000
Balance at September 30, 2008	450,000		45		8,955			(400	)		8,600
Net (loss) for the period ending
Common shares issued for services February 28, 2009	94,000		9		18,791			—			18,800
September 30, 2008	—		—	—			—			—			(400	)		(400	)
Common shares issued for cash February 28, 2009	56,000		6		11,194			—			11,200
Balance at September 30, 2008	—		—	450,000			45			8,955			(400	)		8,600
Net (loss) for the twelve month period ending September 30, 2009	—		—		—			(38,599	)		(38,599	)
Common shares issued for
Balance at September 30, 2009	600,000		60		38,940			(38,999	)		1
services February 28, 2009	—		—	94,000			9			18,791			—			18,800
Common shares issued for liabilities at June 22, 2010	25,000		3		9,997			—			10,000
Common shares issued for cash
Net (loss) for the twelve month period ending September 30, 2010	—		—		—			(13,848	)		(13,848	)
February 28, 2009	—		—	56,000			6			11,194			—			11,200
Balance at September 30, 2010	625,000	$	63	$	48,937		$	(52,847	)	$	(3,847	)
Net (loss) for the twelve month
Net (loss) for the three month period ending December 31, 2010	—		—		—			(3,796	)		(3,796	)
period ending September 30, 2009	—		—	—			—			—			(38,599	)		(38,599	)
Balance at December 31, 2010	625,000	$	63	$	48,937		$	(56,643	)	$	(7,643	)
Balance at September 30, 2009	—		—	600,000			60			38,940			(38,999	)		1
Net (loss) for the six month
period ending March 31, 2010	—		—	—			—			—			(4,587	)		(4,587	)
Balance at March 31, 2010	—		—	600,000			60			38,940			(43,586	)		(4,586	)
Common shares issued for
liabilities June 22, 2010	—		—	25,000			3			9,997			—			10,000
Net (loss) for the three months ended June 30, 2010	—		—	—			—			—			(1,663	)		(1,663	)
Balance at June 30, 2010	—	$	—	625,000		$	63		$	48,937		$	(45,249	)	$	3,751

The accompanying notes are an integral part of these statements.

BUYRITE CLUB CORP

(A DEVELOPMENT STAGE COMPANY)

CONDENSED STATEMENTS OF CASH FLOWS

For the Period August 31, 2008 (inception) through ~~June~~December 3031, 2010

		For the nine months ended June 30, 2010			For the nine months ended June 30, 2009			Cumulative from August 31, 2008 (inception) through June 30, 2010
								Cumulative from
		For the three			For the three			August 31, 2008
		Months ended			months ended			(Inception) through
		December 31, 2010			December 31, 2009			December 31, 2010
OPERATING ACTIVITIES:
Net loss	$	$	(63,~~250~~796	)	$	(332,~~229~~750	)	$	(4556,~~249~~643	)
Adjustments to reconcile net loss to net cash used in operating activities:
Increase in amortization			~~2,250~~750			~~2,250~~750			56,~~250~~750
Issuance of common stock for services			~~1,600~~—			~~18,800~~—			20,400
Issuance of common stock for interest			~~173~~—			—			173
Changes in operating assets and liabilities:
Increase/(Decrease) in accrued expenses			(43,~~500~~370	)		—(1,408	)		—1,500
Net cash used in operating activities			(6,~~727~~416	)		(123,~~179~~408	)		(1927,~~426~~820	)
FINANCING ACTIVITIES:
Issuance of common stock for cash			—			~~11,200~~—			11,200
Increase (decrease) in accrued interest payable			(50	)		—			—
Increase in accrued interest payable			46			—			46
Borrowings from related parties			6,727			1,030			8,227
Loans payable - related parties			6,370			3,450			16,575
Net cash provided by (used in) financing activities			6,~~677~~416			123,~~230~~450			1927,~~427~~821
NET INCREASE IN CASH			~~(50~~—	)		5142			1
CASH BEGINNING BALANCE			511			—51			—
CASH ENDING BALANCE		$	1		$	5193		$	1
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:
Taxes paid		$	—		$	—		$	—
Interest paid		$	—		$	—		$	—
CASH TRANSACTIONS AFFECTING OPERATING, INVESTING AND FINANCING ACTIVITIES:
NON-CASH TRANSACTIONS AFFECTING OPERATING, INVESTING AND FINANCING ACTIVITIES:
Issuance of common stock for subscription agreement		$	—		$	—		$	9,000
Issuance of common stock for debt		$	~~8,227~~—		$	—		$	8,227

The accompanying notes are an integral part of these statements.

BUYRITE CLUB CORP.

(A DEVELOPMENT STAGE COMPANY)

NOTES TO CONDENSED FINANCIAL STATEMENTS

~~JUNE~~NOTE ~~30,~~1 ~~2010~~– NATURE OF OPERATIONS AND BASIS OF PRESENTATION

~~NOTE~~BuyRite 1Club –Corp. ~~BASIS~~(“Company”) OFis ~~PRESENTATION~~in the initial development stage commencing development operations in September, 2008 and has incurred losses since inception totaling $56,643. The Company is a development stage company incorporated in the State of Florida on August 31, 2008, to acquire, develop and market a website ("www.buyriteclub.com") and sell memberships to individuals to join into a membership club whereby savings through merchant purchases can be earned for over 850 distinct merchants and over 100 gift cards. The members earn their savings by purchasing products through the independent merchants and gift cards whereby accumulating those savings through membership points.

The accompanying unaudited interim financial statements have been prepared in accordance with the rules and regulations of the Securities and Exchange Commission for the presentation of interim financial information, but do not include all the information and footnotes required by generally accepted accounting principles for complete financial statements. The audited financial statements for the ~~years ended September 30, 2009 and 2008 and the~~ period August 31, 2008 (inception) through September 30, ~~2009~~2010 were filed on ~~December~~November 1830, ~~2009~~2010 with the Securities and Exchange Commission and are hereby referenced. In the opinion of management, all adjustments (consisting of normal recurring accruals) considered necessary for a fair presentation have been included. Operating results for the three ~~and~~months ~~nine month periods~~ ended ~~June~~December 3031, 2010 and for the period August 31, 2008 (inception) through ~~June~~December 3031, 2010 are not necessarily indicative of the results that may be expected for the year ended September 30, ~~2010~~2011.

NOTE 2 – ~~DESCRIPTION~~SUMMARY OF ~~BUSINESS~~SIGNIFICANT ~~AND~~ACCOUNTING ~~DEVELOPMENT STAGE RISK~~POLICIES

Description of Business

BUYRITE CLUB CORP.("BUYRITE CLUB CORP.") is a development stage company, incorporated in the State of Florida on August 31, 2008, to acquire, develop and market a website ("www.buyriteclub.com") and sell memberships to individuals to join into a membership club whereby savings through merchant purchases can be earned for over 700 distinct merchants and over 100 gift cards. The members earn their savings by purchasing products through the independent merchants and gift cards whereby accumulating those savings through membership points.

The initial advantage to members joining the club is the savings incurred by each member while they shop on the internet with the over 700 merchants and over 100 gift cards. In other words, the members earn savings through normal purchases on the internet with independent merchants and gift cards. The internet provides the lowest cost marketing arena with the broadest audience for these types of product sales.

The BuyRite Club component of our business is a loyalty and savings program designed as a shopping service through which members receive rebates (rewards points) on purchases of products and services from participating merchants. These rewards act as a common currency that may be accumulated and used at any time to make additional purchases from any participating merchant in the program.

On September 30, 2009, the Company amended its bylaws. The changes to the bylaws consisted substantially of reversing the existing issued and outstanding common shares from 12,000,000 to 600,000.

On June 22, 2010, the company amended its articles of incorporation and bylaws to increase the authorized common stock to 500,000,000 common shares with a par value of $0.0001 per share and to provide for 10,000,000 shares of "blank check" preferred stock with a par value of $0.001 per share.

Our principal executive office is located at 7076 Spyglass Avenue, Parkland, FL 33076. Our telephone number is (954) 599-3672. Our fiscal year ends on September 30.

Basis of Presentation

The ~~accompanying~~ financial statements ~~have~~present ~~been~~the ~~prepared~~balance bysheet, statements of operations, stockholders’ equity and cash flows of the Company. ~~The~~These ~~Company’s~~ financial statements are presented in United States dollars and have been prepared in accordance with ~~generally accepted~~ accounting principles generally accepted in the United States ~~of America (“US GAAP”)~~.

IfDevelopment ~~the~~Stage Company is unable to obtain adequate capital, it could be forced to cease operations. The accompanying financial statements do not include any adjustments that might be necessary if the Company is unable to continue as a going concern.

The Company has not earned any revenue from operations. Accordingly, the Company’s activities have been accounted for as those of a “Development Stage Enterprise” as set forth in ASC Topic 915. Among the disclosures required by ASC 915 are that the Company’s financial statements be identified as those of a development stage company, and that the statements of operations, stockholders’ equity/(deficit) and cash flows disclose activity since the date of the Company’s inception.

Use of Estimates and Assumptions

Preparation of the financial statements in conformity with accounting principles generally accepted in the United States requires management to make estimates and assumptions that affect certain reported amounts and disclosures. Accordingly, actual results could differ from those estimates.

Cash and Cash Equivalents

For purposes of the statement of cash flows, the Company considers highly liquid financial instruments purchased with a maturity of three months or less to be cash equivalents.

Intellectual Property

On September 5, 2008, the company entered into a purchase agreement to acquire the intellectual property of BUYRITECLUBCORP including the web domain name (www.buyriteclub.com) from a related party including the developed concept and web design. The purchase price was for $9,000 payable with the issuance of the Company's common share at $0.001 per share and closed on September 15, 2008.

The Company has capitalized costs of the acquired intellectual properties consisting of $9,000 and begins amortizing intellectual property costs, using the straight-line method over the estimated useful life of 3 years, once it was put in service.

BUYRITE CLUB CORP.

(A DEVELOPMENT STAGE COMPANY)

NOTES TO CONDENSED FINANCIAL STATEMENTS

~~JUNE~~Fair ~~30, 2010~~Value

~~Going~~In ~~Concern~~accordance with the requirements of ASC Topic 820, the Company has determined the estimated fair value of financial instruments using available market information and appropriate valuation methodologies. The fair value of financial instruments classified as current assets or liabilities approximate their carrying value due to the short-term maturity of the instruments.

~~The~~Income Company’s financial statements are prepared using generally accepted accounting principles in the United States of America applicable to a going concern, which contemplates the realization of assets and the satisfaction of liabilities in the normal course of business. The Company has not yet established an ongoing source of revenues sufficient to cover its operating costs and allow it to continue as a going concern. The ability of the Company to continue as a going concern is dependent on the Company obtaining adequate capital to fund operating losses until it becomes profitable. Taxes

~~Management’s~~The ~~Plan~~Company follows the liability method of accounting for income taxes in accordance with ASC Topic 740. Deferred tax assets and liabilities are recognized for the future tax consequences attributable to ~~Continue~~differences asbetween the financial statement carrying amounts of existing assets and liabilities and their respective tax balances. Deferred tax assets and liabilities are measured using enacted or substantially enacted tax rates expected to apply to the taxable income in the years in which those differences are expected to be recovered or settled. Deferred tax assets are reduced by a ~~Going~~valuation ~~Concern~~allowance when, in the opinion of management, it is more likely than not that some portion or all of the deferred tax assets will not be realized. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the date of enactment or substantive enactment.

~~The~~Revenue ~~Company has met its historical working capital requirements from the sale of its capital shares~~ and ~~loans~~Cost ~~from its sole officer and director, Judith Adelstein. In order to continue as a going concern, the Company will need, among other things, additional capital resources.~~ Recognition

~~Management’s~~The ~~plans~~Company tohas ~~obtain~~no ~~such~~current ~~resources~~source ~~for~~of ~~the~~revenue. The Company ~~include~~recognizes ~~obtaining~~revenue ~~capital~~based ~~from~~on ~~the~~Account ~~sale~~Standards ofCodification ~~shares~~(“ASC”) of605 ~~shares~~“Revenue ofRecognition” ~~common~~which ~~stock~~contains ofSecurities ~~the~~and ~~Company~~Exchange Commission Staff Accounting Bulletin No. 101, “Revenue Recognition in Financial Statements’ and/ No. 104, “Revenue Recognition”. In all cases, revenue is recognized only when the price is fixed or ~~financing~~determinable, ~~from~~persuasive ~~independent~~evidence ~~third~~of ~~parties.~~an ~~However~~arrangement exists, ~~management~~shipment ~~cannot~~has ~~provide~~occurred, ~~any~~price ~~assurance~~is ~~that~~fixed or determinable and collectability of the ~~Company~~resulting ~~will~~receivable beis ~~successful~~reasonably inassured. ~~accomplishing~~Revenues ~~any~~transacted offrom ~~its~~on-line ~~plans~~platforms are recognized at the point of sale.

~~Development~~The ~~Stage~~Cost ~~Risk~~of Sales includes any labor cost and the amortization of intellectual property.

Since its inception, the Company has been dependent upon the receipt of capital investment to fund its continuing activities. In addition to the normal risks associated with a new business venture, there can be no assurance that the Company's business plan will be successfully executed. Our ability to execute our business plan will depend on our ability to obtain additional financing and achieve a profitable level of operations. There can be no assurance that sufficient financing will be obtained. Further, we cannot give any assurance that we will generate substantial revenues or that our business operations will prove to be profitable.Advertising

~~NOTE~~The 3company –expenses ~~SUMMARY~~advertising OFas ~~SIGNIFICANT~~incurred. The ~~ACCOUNTING~~company ~~POLICIES~~has had no advertising since inception.

~~Cash and Cash Equivalents~~Property

The Company ~~considers~~does ~~all~~not ~~highly~~own ~~liquid debt instruments with original maturities of three months~~ or ~~less~~lease toany bereal ~~cash equivalents~~property. ~~The Company has no cash equivalents.~~

~~Use~~Net ofLoss ~~Estimates~~per Share

~~The~~Basic ~~preparation~~loss ofper ~~financial~~share ~~statements~~includes inno ~~conformity~~dilution ~~with~~and ~~generally~~is ~~accepted~~computed ~~accounting~~by ~~principles~~dividing ~~requires~~loss ~~management~~available to ~~make~~common ~~estimates~~stockholders ~~and~~by ~~assumptions~~the weighted average number of common shares outstanding for the period. Dilutive loss per share reflects the potential dilution of securities that ~~affect~~could ~~certain~~share ~~reported~~in ~~amounts~~the ~~and~~losses ~~disclosures~~of the Company. Because ~~Accordingly~~the Company does not have any potentially dilutive securities, ~~actual~~the ~~results~~accompanying ~~could~~presentation ~~differ~~is ~~from~~only ~~those~~of ~~estimates~~basic loss per share.

~~Inventories~~Foreign Currency Translation

~~Inventories~~The financial statements are ~~valued~~presented in United States dollars. In accordance with ASC Topic 830, "Foreign Currency Translation", foreign denominated monetary assets and liabilities are translated to their United States dollar equivalents using foreign exchange rates which prevailed at the ~~lower~~balance sheet date. Non-monetary assets and liabilities are translated at exchange rates prevailing at the transaction date. Revenue and expenses are translated at average rates of ~~cost~~exchange orduring ~~market~~the onperiods presented. Related translation adjustments are reported as a ~~first-in,~~separate ~~first-out~~component of stockholder’s equity (~~FIFO~~deficit) ~~basis~~, ~~and~~whereas ~~include~~gains ~~finished~~or ~~goods~~losses resulting from foreign currency transactions are included in results of operations.

Revenue Recognition

The Company recognizes revenue when:

● Persuasive evidence of an arrangement exists; ● Shipment has occurred; ● Price is fixed or determinable; and ● Collectability is reasonably assured.

BUYRITE CLUB CORP.

(A DEVELOPMENT STAGE COMPANY)

NOTES TO CONDENSED FINANCIAL STATEMENTS

~~JUNE~~Stock-based ~~30, 2010~~Compensation

The Company ~~closely~~has ~~follows~~not ~~the~~adopted ~~provisions~~a ofstock ~~Accounting~~option ~~Standards~~plan ~~Codification~~and ~~(“ASC”)~~has ~~605,~~not ~~Revenue~~granted ~~Recognition,~~any ~~which~~stock ~~includes the guidelines of Staff Accounting Bulletin No~~options. Accordingly, ~~104~~no asstock-based ~~described~~compensation ~~above.~~has ~~For~~been ~~the~~recorded ~~period from August 31, 2008 (inception)~~ to ~~June 30, 2010, the Company recognized no revenues~~date.

~~Earnings~~Share ~~(Loss)~~Based ~~Per Share~~Expenses

~~The~~In ~~Company computes earnings per share in~~ accordance with ASC ~~260~~Topic ~~“Earnings~~230, ~~per~~this ~~Share”~~statement ~~which~~requires ~~was~~a ~~previously~~public ~~Statement~~entity ofto ~~Accounting~~expense ~~Standards No. 128, “Earnings per Share” (“SFAS No. 128”). Under~~ the ~~provisions~~cost of ~~SFAS~~employee ~~No.~~services ~~128,~~received ~~basic~~in ~~earnings~~exchange ~~per share is computed by dividing the net income (loss)~~ for ~~the~~an ~~period~~award ~~by the weighted average number~~ of ~~common~~equity ~~shares outstanding during the period~~instruments. ~~Diluted~~ ~~earnings~~This ~~per~~statement ~~share~~also isprovides ~~computed~~guidance byon ~~dividing~~valuing ~~the~~and ~~net~~expensing ~~income~~these ~~(loss)~~awards, ~~for~~as ~~the~~well ~~period~~as bydisclosure ~~the~~requirements ~~weighted~~of ~~average~~these ~~number~~equity ofarrangements. The ~~common~~Company ~~and~~adopted ~~potentially~~ASC ~~dilutive~~Topic ~~common~~230 ~~shares~~upon ~~outstanding~~creation ~~during~~of the ~~period. There~~company ~~were~~and noexpenses ~~potentially~~share ~~dilutive~~based ~~common~~costs ~~shares~~in ~~outstanding during~~ the period incurred.

~~Income~~Related ~~Taxes~~Parties

~~The~~Related ~~Company~~parties, ~~accounts~~which ~~for~~can ~~income~~be ~~taxes~~a ~~in accordance with ASC 740~~corporation, ~~Income Taxes~~individual, ~~which~~investor ~~was~~or ~~previously~~another ~~Statement~~entity ofare ~~Financial~~considered ~~Accounting~~to ~~Standards~~be ~~No.~~related ~~109,~~if ~~“Accounting~~the ~~for~~party ~~Income~~has ~~Taxes.” Under~~ the ~~asset~~ability, ~~and~~directly ~~liability~~or ~~method of Statement 109~~indirectly, ~~deferred~~to ~~tax~~control ~~assets and liabilities are recognized for~~ the ~~estimated~~other ~~future~~party ~~tax~~or ~~consequences~~exercise ~~attributable~~significant toinfluence ~~differences~~over ~~between~~ the ~~financial~~Company ~~statement~~in ~~carrying~~making ~~amounts~~financial ~~of existing assets~~ and ~~liabilities~~operating ~~and their respective tax bases~~decisions. Companies ~~Deferred tax assets and liabilities~~ are ~~measured~~also ~~using~~considered ~~enacted~~to ~~tax~~be ~~rates~~related inif ~~effect~~they ~~for~~are ~~the~~subject ~~year~~to incommon ~~which~~control ~~those~~or ~~temporary~~common ~~differences~~significant ~~are~~influence. The ~~expected~~Company tohas bethese ~~recovered or settled~~relationships.

Fair Value of Financial Instruments

The Company considers that the carrying amount of financial instruments, including accounts payable, approximates fair value because of the short maturity of these instruments.

Share Based Payments

(included in ASC 718 “Compensation-Stock Compensation”

In December 2004, the FASB issued SFAS No. 123(R), “Share-Based Payment,” which replaces SFAS No. 123 and supersedes APB Opinion No. 25. Under SFAS No. 123(R), companies are required to measure the compensation costs of share-based compensation arrangements based on the grant-date fair value and recognize the costs in the financial statements over the period during which employees or independent contractors are required to provide services. Share-based compensation arrangements include stock options and warrants, restricted share plans, performance-based awards, share appreciation rights and employee share purchase plans. In March 2005, the SEC issued Staff Accounting Bulletin No. 107, or “SAB 107”. SAB 107 expresses views of the staff regarding the interaction between SFAS No. 123(R) and certain SEC rules and regulations and provides the staff's views regarding the valuation of share-based payment arrangements for public companies. SFAS No. 123(R) permits public companies to adopt its requirements using one of two methods. On April 14, 2005, the SEC adopted a new rule amending the compliance dates for SFAS 123(R). Companies may elect to apply this statement either prospectively, or on a modified version of retrospective application under which financial statements for prior periods are adjusted 1on a basis consistent with the pro forma disclosures required for those periods under SFAS 123.

Effective commencing on the year ended September 30, 2008, the Company has fully adopted the provisions of SFAS No. 123(R) and related interpretations as provided by SAB 107. As such, compensation cost is measured on the date of grant as the fair value of the share-based payments. Such compensation amounts, if any, are amortized over the respective vesting periods of the option grant.

Recent Accounting Pronouncements

The ~~company~~Company has ~~adopted~~evaluated all ~~recently~~the ~~issued~~recent accounting pronouncements~~. The~~ ~~adoption~~through ofDecember ~~the~~31, ~~accounting~~2010 ~~pronouncements~~and believes that none of them, including those not yet effective, iswill ~~not anticipated to~~ have a material effect on the financial position or results of operations of the Company.

NOTE 3 – GOING CONCERN

The Company’s financial statements are prepared in accordance with generally accepted accounting principles applicable to a going concern. This contemplates the realization of assets and the liquidation of liabilities in the normal course of business. Currently, the Company does not have cash nor material assets, nor does it have operations or a source of revenue sufficient to cover its operation costs and allow it to continue as a going concern. The Company has a deficit accumulated since inception (August 31, 2008) through December 31, 2010; of ($56,643).The Company will be dependent upon the raising of additional capital through placement of our common stock in order to implement its business plan. There can be no assurance that the Company will be successful in either situation in order to continue as a going concern. The Company has funded its initial operations, from inception to December 31, 2010, by way of issuing common shares and loans from related parties. As of December 31, 2010, the Company had issued 625,000 common shares for a total consideration of $49,000. These financial statements do not include any adjustments relating to the recoverability and classification of recorded asset amounts, or amounts and classification of liabilities that might result from this uncertainty.

The Company’s sole officer and director has committed to advancing certain operating costs of the Company.

NOTE 4 – FAIR VALUE OF FINANCIAL INSTRUMENTS

In accordance with ASC Topic 825 and 820 the Company has determined the estimated fair value of financial instruments using available market information and appropriate valuation methodologies. The fair value of financial instruments classified as current assets or liabilities approximate their carrying value due to the short-term maturity of the instruments.

NOTE 5 – CAPITAL STOCK

The Company’s capitalization is 500,000,000 common shares with a par value of $0.0001 per share. At December 31, 2010, the Company had 625,000 common shares outstanding.

Preferred shares have been authorized of 10,000,000 shares having none issued or outstanding at December 31, 2010.

As of December 31, 2010, the Company has not granted any stock options and has not recorded any stock-based compensation.

BUYRITE CLUB CORP.

(A DEVELOPMENT STAGE COMPANY)

NOTES TO CONDENSED FINANCIAL STATEMENTS

~~JUNE~~NOTE ~~30,~~6 ~~2010~~– INCOME TAXES

~~Subsequent~~We ~~Events~~did not provide any current or deferred U.S. federal income tax provision or benefit for any of the periods presented because we have experienced operating losses since inception. In accordance with ASC Topic 740 – Accounting for Income Tax and ASC Topic 605 - Accounting for Uncertainty in Income Taxes, when it is more likely than not that a tax asset cannot be realized through future income the Company must allow for this future tax benefit. We provided a full valuation allowance on the net deferred tax asset, consisting of net operating loss carry forwards, because management has determined that it is more likely than not that we will not earn income sufficient to realize the deferred tax assets during the carry forward period.

WeThe ~~evaluated~~components ~~subsequent~~of ~~events through~~ the ~~date~~Company’s ~~and~~deferred ~~time~~tax ~~our~~asset ~~financial~~as ~~statements~~of ~~were~~December ~~available on July 1~~31, 2010. are as follows:

NOTE 4 – EQUITY TRANSACTIONS


	December 31, 2010
Net operating loss carry forward	$	56,643
Times Tax at Statutory rate		35	%

Deferred Tax Asset		19,825
Valuation allowance		(19,825	)

Net deferred tax asset	$	0

OnThe ~~September~~net ~~15,~~federal ~~2008,~~operating ~~the~~loss ~~Company~~carry ~~issued~~forward ~~450,000~~will ~~shares~~expire ofbetween ~~common~~2028 ~~stock~~and ~~for $9,000~~2030. This ~~Our~~carry ~~sole~~forward ~~officer~~may ~~and~~be ~~director,~~limited ~~Judith~~upon ~~Adelstein, was issued 315,000 common shares and~~ the ~~balance~~consummation of ~~135,000~~a ~~was~~business ~~issued~~combination tounder ~~other~~IRC ~~shareholders~~Section ~~on September 15, 2008~~381.

OnNOTE ~~February~~7 ~~28,~~– ~~2009,~~RELATED ~~the~~PARTY Company completed its public offering pursuant to its Form S-1 Registration Statement. The total proceeds of this offering consisted of a total of $30,000 for the issuance of 150,000 common shares to 44 other shareholders. TRANSACTIONS

OnDuring ~~September~~the ~~30,~~period ~~2009,~~from ~~the~~August ~~board~~31, of2008 ~~directors~~(inception) ofthrough ~~the~~December ~~company~~31, ~~authorized~~2010, ~~approved~~officers, directors and ~~adopted~~shareholders ahave ~~resolution~~advanced ~~authorizing~~funds ~~the~~from ~~combination~~time ofto time to the Company’s. At ~~common~~December ~~stock~~31, ~~$.0001~~2010, ~~par~~these ~~value~~advances ~~per~~were ~~share~~$8,348 onand awas ~~basis~~booked ofas ~~one~~a ~~(1)~~loan ~~share~~from ~~for~~related ~~each~~party. ~~twenty~~The ~~(20)~~loan ~~shares~~shall accrue ~~issued~~interest ~~and outstanding~~ at ~~September 30, 2009 (“Reverse Split”)~~3. ~~Accordingly,~~6% ~~there were 12,000,000 pre-split common shares issued~~ and ~~outstanding~~is ~~and~~due ~~following~~as ~~the~~a ~~Reverse~~balloon ~~Split~~payment ~~there~~for ~~are~~both ~~600,000~~interest ~~common shares issued~~ and ~~outstanding~~principal at September 301, ~~2009~~2011. ~~All share amounts, including those stated above, have been adjusted to reflect the Reverse Split.~~

OnThe ~~June~~Company ~~22,~~does ~~2010,~~not ~~the~~lease ~~company~~or ~~issued~~rent aany ~~total~~property. Office ofspace ~~25,000~~and ~~shares~~services ofare ~~common~~provided ~~stock~~without ~~for~~charge ~~$10,000~~by ~~($0~~an officer / shareholder.40 Such ~~per~~costs ~~common~~are ~~share)~~immaterial to ~~our~~the ~~sole~~financial ~~officer~~statements and ~~director~~accordingly, ~~Judith~~have ~~Adelstein~~not ~~(21,000~~been ~~common~~reflected ~~shares)~~therein. ~~for~~The ~~payment~~officers and directors of ~~debt~~the Company are involved in other business activities and tomay, ~~two~~in ~~(2)~~the future, become involved in other ~~existing~~business ~~stockholders~~opportunities. If (4a specific business opportunity becomes available,~~000~~ ~~common~~such ~~shares)~~persons may face a conflict in selecting between the Company and their other business interests. The Company has not formulated a policy for ~~services~~the ~~rendered~~resolution of such conflicts.

OnNOTE ~~June~~8 ~~22,~~– ~~2010,~~SUBSEQUENT the company amended its articles of incorporation and bylaws to increase the authorized common stock to 500,000,000 common shares with a par value of $0.0001 per share and to provide for 10,000,000 shares of "blank check" preferred stock with a par value of $0.001 per share.EVENTS

~~NOTE~~We 5have –evaluated ~~CONCENTRATION~~subsequent OFevents ~~CREDIT~~and ~~RISK~~transactions that occurred through the date and time our financial statements were issued for potential recognition or disclosure in the accompanying financial statements. Other than the disclosures above, we did not identify any events or transactions that should be recognized or disclosed in the accompanying financial statements.

Financial instruments that potentially subject the Company to concentrations of credit risk consist principally of cash deposits. Accounts at each institution are insured by the Federal Deposit Insurance Corporation (“FDIC”). At June 30, 2010, the Company had no amounts in excess of the FDIC insured limit.

NOTE 6 – RELATED PARTY TRANSACTIONS

On September 1, 2008, the company entered into a loan agreement with Judith Adelstein, its sole officer and director. Under the terms and conditions of the subscription agreement, the Company will be advanced cash and cash equivalents as required to pay operating expenses. As of June 30, 2010 and September 30, 2009, the Company has been advanced $0 and $1,500, respectively. Total borrowings were $8,227 which accrued at 3.60% per annum. The loan and accrued interest was settled for 21,000 shares of common stock at $0.40 per share.

The Company does not lease or rent any property. Office space and services are provided without charge by a director and shareholder. Such costs are immaterial to the financial statements and, accordingly, have not been reflected therein. The officers and directors of the Company are involved in other business activities and may, in the future, become involved in other business opportunities. If a specific business opportunity becomes available, such persons may face a conflict in selecting between the Company and their other business interests. The Company has not formulated a policy for the resolution of such conflicts.

Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations

The following discussion and analysis should be read in conjunction with our consolidated financial statements, including the notes thereto, appearing in this Form 10-Q and in our Annual Report on Form 10-K for the fiscal year ended September 30, ~~2009~~2010 filed on ~~December~~November 1830, ~~2009~~2010 with the Securities and Exchange Commission and are hereby referenced.

The statements in this report include forward-looking statements. These forward-looking statements are based on our management’s current expectations and beliefs and involve numerous risks and uncertainties that could cause actual results to differ materially from expectations. You should not rely upon these forward-looking statements as predictions of future events because we cannot assure you that the events or circumstances reflected in these statements will be achieved or will occur. You can identify a forward-looking statement by the use of the forward-terminology, including words such as “may”, “will”, “believes”, “anticipates”, “estimates”, “expects”, “continues”, “should”, “seeks”, “intends”, “plans”, and/or words of similar import, or the negative of these words and phrases or other variations of these words and phrases or comparable terminology. These forward-looking statements relate to, among other things: our sales, results of operations and anticipated cash flows; capital expenditures; depreciation and amortization expenses; sales, general and administrative expenses; our ability to maintain and develop relationship with our existing and potential future customers; and, our ability to maintain a level of investment that is required to remain competitive. Many factors could cause our actual results to differ materially from those projected in these forward-looking statements, including, but not limited to: variability of our revenues and financial performance; risks associated with technological changes; the acceptance of our products in the marketplace by existing and potential customers; disruption of operations or increases in expenses due to our involvement with litigation or caused by civil or political unrest or other catastrophic events; general economic conditions, government mandates and conditions in the gaming/entertainment industry in particular; and, the continued employment of our key personnel and other risks associated with competition.

You should not rely upon these forward-looking statements as predictions of future events because we cannot assure you that the events or circumstances reflected in these statements will be achieved or will occur. You can identify a forward-looking statement by the use of the forward-terminology, including words such as “may”, “will”, “believes”, “anticipates”, “estimates”, “expects”, “continues”, “should”, “seeks”, “intends”, “plans”, and/or words of similar import, or the negative of these words and phrases or other variations of these words and phrases or comparable terminology. These forward-looking statements relate to, among other things: our sales, results of operations and anticipated cash flows; capital expenditures; depreciation and amortization expenses; sales, general and administrative expenses; our ability to maintain and develop relationship with our existing and potential future customers; and, our ability to maintain a level of investment that is required to remain competitive.

Many factors could cause our actual results to differ materially from those projected in these forward-looking statements, including, but not limited to: variability of our revenues and financial performance; risks associated with technological changes; the acceptance of our products in the marketplace by existing and potential customers; disruption of operations or increases in expenses due to our involvement with litigation or caused by civil or political unrest or other catastrophic events; general economic conditions, government mandates and conditions in the gaming/entertainment industry in particular; and, the continued employment of our key personnel and other risks associated with competition.

For a discussion of the factors that could cause actual results to differ materially from the forward-looking statements see the “Liquidity and Capital Resources” section under “Management’s Discussion and Analysis of Financial Condition and Results of Operations” in this item of this report and the other risks and uncertainties that are set forth elsewhere in this report or detailed in our other Securities and Exchange Commission reports and filings. We believe it is important to communicate our expectations. However, our management disclaims any obligation to update any forward-looking statements whether as a result of new information, future events or otherwise.

Overview

BUYRITE CLUB CORP. ("~~THE~~BUYRITE ~~COMPANY~~CLUB CORP.") is a development stage company, incorporated in the State of Florida on August 31, 2008, to acquire, develop and market a website ("www.buyriteclub.com") toand sell memberships ~~offering~~to ~~discounts~~individuals to ~~customers~~join into a membership club whereby savings through ~~our~~merchant ~~internet~~purchases ~~retail~~can ~~mall,~~be ~~which~~earned isfor ~~currently~~over ~~being~~700 ~~beta~~distinct ~~tested~~merchants and over 100 gift cards. The members earn their savings by purchasing products through the independent merchants and gift cards whereby accumulating those savings through membership points.

WeThe ~~anticipate~~BuyRite ~~that~~Club component of our ~~customers~~business ~~will~~is ~~have~~a loyalty and rewards program designed as a ~~good~~shopping ~~experience~~service ~~because~~through ofwhich ~~the~~members ~~consolidated~~receive ~~approach~~rebates (rewards points) on purchases of ~~purchasing~~products ~~merchandise~~and services from anparticipating ~~assortment~~merchants. ofThese ~~known~~rewards act as a common currency that may be accumulated and ~~distinct~~used ~~retailers~~at ~~while~~any ~~offering~~time ato ~~loyalty~~make ~~program~~additional ~~represented~~purchases byfrom ~~discounts~~any ~~through~~participating ~~the~~merchant ~~internet~~in ~~membership~~the program.

The BuyRite Membership Club program is primarily a web based retail mall concept. Retail sellers of goods and services join the program as participating merchants agreeing to pay savings to us for our members who purchase goods and services through the program. We collect all savings paid by participating merchants and retain a portion as our fee for operating the membership program.

Another portion of the savings (generally one-half), is designated as earned by the member who made the purchase. In certain circumstances, we also pay a portion of the savings as residual passive income to the organization or company which enrolled the member in the program.

Going Concern

Our financial statements have been prepared on the basis of accounting principles applicable to a going concern. As a result, they do not include adjustments that would be necessary if we were unable to continue as a going concern and would therefore be obligated to realize assets and discharge our liabilities other than in the normal course of operations. As reflected in the accompanying financial statements, the Company is in the development stage with no revenues, has used cash flows in operations of $2027,~~244~~820 from inception offrom August 31, 2008 to ~~June~~December 3031, 2010 and has an accumulated deficit of ($4556,~~249~~643) ~~through June 30, 2010~~.

This raises substantial doubt about our ability to continue as a going concern, as expressed by our auditors in its opinion on our financial statements included in this report. The ability of the Company to continue as a going concern is dependent on the Company’s ability to raise additional capital and implement its business plan.

We have not yet established an ongoing source of revenues sufficient to cover our operating costs and allow us to continue as a going concern. Our ability to continue as a going concern is dependent on us obtaining adequate capital to fund operating losses until we become profitable. If we are unable to obtain adequate capital, we could be forced to cease operations. There can be no assurance that we will operate at a profit or additional debt or equity financing will be available, or if available, can be obtained on satisfactory terms.

Critical Accounting Policies

Our financial statements and accompanying notes have been prepared in accordance with United States generally accepted accounting principles applied on a consistent basis. The preparation of financial statements requires management to make estimates and judgments that affect the reported amounts of assets, liabilities, revenues, expenses and related disclosures. On an on-going basis, management evaluates these estimates and assumptions, including but not limited to those related to revenue recognition and the impairment of long-lived assets, goodwill and other intangible assets. Management bases its estimates on historical experience and various other assumptions that it believes to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying values of assets and liabilities that are not readily apparent from other sources. Actual results may differ from these estimates under different assumptions or conditions.

Stock Compensation

(included in ASC 718 “Compensation-Stock Compensation”)

The Company adopted SFAS No. 123R, Share-Based Payment (“SFAS 123R”), which requires all stock-based payments to employees, including grants of employee stock options, to be recognized in the financial statements based on their fair values. The Company accounts for stock-based compensation arrangements with nonemployees in accordance with the Emerging Issues Task Force Abstract No. 96-18, Accounting for Equity Instruments That Are Issued to Other Than Employees for Acquiring, or in Conjunction with Selling Goods or Services. The Company records the expense of such services to employees and non employees based on the estimated fair value of the equity instrument using the Black-Scholes pricing model.

Revenue Recognition

(included in ASC 605 “Revenue Recognition”)

The Company recognizes revenue on arrangements in accordance with Securities and Exchange Commission Staff Accounting Bulletin No. 101, “Revenue Recognition in Financial Statements’ and No. 104, “Revenue Recognition”. In all cases, revenue is recognized only when the price is fixed or determinable, persuasive evidence of an arrangement exists, the service is performed and collectability of the resulting receivable is reasonably assured.

Product sales and shipping revenues, net of promotional discounts, rebates, and return allowances, are recorded when the products are shipped and title passes to customers. Retail sales to customers are made pursuant to a sales contract that provides for transfer of both title and risk of loss upon our delivery to the carrier. Return allowances, which reduce product revenue, are estimated using historical experience. Revenue from product sales and services rendered is recorded net of sales taxes. Amounts received in advance for subscription services, are deferred and recognized as revenue over the subscription term.

Outlook

The most important metric by which we judge the Company’s performance now and in the near term is top line sales growth. Our current commitment to develop and deliver quality products means that, for the near future, bottom line profitability will be a poor indicator of our success. We do not expect our development investment rate to decline meaningfully in the near future. Since investors are certain to be the primary, near term source of liquidity to support our development and marketing efforts, our liquidity will be driven by our ability to attract repeat investments from current shareholders and to find new ones. This in turn may be materially impacted by the general investment climate.

Since investors are certain to be the primary, near term source of liquidity to support our development and marketing efforts, our liquidity will be driven by our ability to attract repeat investments from current shareholders and to find new ones. This in turn may be materially impacted by the general investment climate.

Our primary marketing challenge for the coming 12 months is to achieve market awareness ~~through~~and ~~our~~acceptance ~~web~~of ~~portal~~our ~~(www.buyriteclub.com)~~patents currently under development ~~and anticipated to be completed for beta testing in the fourth quarter of 2010~~. ~~Additionally, management is seeking new acquisitions to complement existing products and new marketing potentials.~~

Revenues

AsThese ~~our~~forward-looking ~~revenues commence~~statements, wepertaining ~~plan~~ to ~~invest~~revenues, inare ~~marketing~~based ~~and~~on ~~sales by increasing the number of direct sales throughout~~ our ~~web~~management’s ~~portal~~current toexpectations ~~build~~and ~~brand~~beliefs ~~awareness.~~and Weinvolve ~~expect~~numerous ~~that~~risks ~~in the future, marketing~~ and ~~sales~~uncertainties ~~expenses~~that ~~will~~could ~~increase~~cause inactual ~~absolute~~results ~~dollars~~to ~~commencing~~differ inmaterially ~~the~~from ~~third~~expectations. You ~~quarter~~should ofnot ~~2010~~rely ~~when~~upon ~~our~~these ~~website~~forward-looking ~~(www.buyriteclub.com)~~statements ~~has~~as ~~completed~~predictions ~~its~~of ~~beta~~future ~~testing~~events ~~and~~because iswe ~~available~~cannot ~~for~~assure ~~customers.~~you Wethat dothe ~~not~~events ~~expect~~or ~~our~~circumstances ~~revenues~~reflected toin ~~increase~~these ~~significantly~~statements ~~until~~will ~~the~~be ~~early~~achieved ~~part~~or ofwill ~~2011~~occur.

12As our revenues commence, we plan to continue to invest in marketing and sales by increasing the number of direct sales consultants and management personnel, expand our selling and marketing activities, building brand awareness and sponsoring additional marketing events. We expect that in the future, marketing and sales expenses will increase in absolute dollars commencing in the fourth quarter of 2011. We do not expect our revenues to increase significantly until 2011.

General and Administrative Expenses

We expect that general and administrative expenses associated with executive compensation will increase in the future. Although our current president, ~~chief~~vice ~~financial~~president ~~officer~~ and ~~sole~~chief ~~director~~financial officer have foregone full salary payments during the initial stages of the business, during ~~2011~~2010, we anticipate compensation to commence in late 2011 as revenues are generated. In addition, we believe in the 2011 fiscal year that the compensation packages required to attract the senior executives, the Company requires to execute, ~~against~~in accordance with its business plan, which will increase our total general and administrative expenses.

Summary of Condensed Results of Operations

Any measurement and comparison of revenues and expenses from continuing operations should not be considered necessarily indicative or interpolated as the trend to forecast our future revenues and results of operations.

Results for the Three Months Ended ~~June~~December 3031, 2010 and ~~June 30,~~ 2009

Revenues. The Company’s revenues for the three months ended ~~June~~December 3031, 2010 and 2009 were $0. ~~The~~From ~~company~~inception ~~has~~(August ~~had~~31, $02008) ~~revenues from inception~~ through ~~June~~December 3031, 2010, the company did not generate any revenues.

Legal and Accounting Expenses. Legal and Accounting expenses for the three months ended ~~June~~December 3031, 2010 were $1,500 as compared to $1,~~000~~500 for the three months ended ~~June~~December 3031, 2009. These ~~The~~expenses ~~decrease~~are inthe ~~legal~~normal ~~and~~recurring ~~accounting~~ expenses ~~were~~for athe ~~direct~~quarter ~~result~~including offilings ~~professional fees associated~~ with the ~~company’s~~Securities ~~initial~~and ~~public~~Exchange ~~offering~~Commission.

~~Consulting~~General and Administrative Expenses. ~~Consulting~~General and administrative expenses for the three months ended ~~June~~December 3031, 2010 were $01,500 as compared to $0500 for the three months ended ~~June~~December 3031, 2009. The increase of $1,000 is primarily a cost to keep current with the Securities and Exchange Commission filings.

~~General~~Net ~~and Administrative Expenses~~Loss. ~~General~~Net ~~and~~loss ~~administrative expenses~~ for the three months ended ~~June~~December 3031, 2010 ~~were~~was ($~~377~~3,796) as compared to ($~~500~~2,750) for the three months ended ~~June~~December 3031, 2009. This loss is consistent with the expected quarterly loss required including keeping the company’s filings current with the Securities and Exchange Commission.

Amortization. Amortization expense for the three months ended June 30, 2010 and 2009 were $750 respectively. This expense is represented by the amortization of the company’s website (www.buyriteclub.com).

Net Loss. Net loss for the three months ended June 30, 2010 was $1,663 as compared to $2,250 for the three months ended June 30, 2009. The decrease in net loss was a direct result of professional and consulting fees associated with the company’s initial public offering.

Results for the Nine Months Ended June 30, 2010 and June 30, 2009

Revenues. The Company’s revenues for the three months ended June 30, 2010 and 2009 were $0.

Legal and Accounting Expenses. Legal and Accounting expenses for the nine months ended June 30, 2010 were $2,500 as compared to $20,313 for the nine months ended June 30, 2009. The decrease in legal and accounting expenses were a direct result of professional fees associated with the company’s initial public offering and the company’s initial audit and internal control procedures.

Consulting. Consulting expenses for the nine months ended June 30, 2010 were $0 as compared to $7,486 for the nine months ended June 30, 2009. The decrease in consulting expenses were a direct result of consulting fees associated with the company’s initial public offering.

General and Administrative Expenses. General and administrative expenses for the nine months ended June 30, 2010 were $1,377compared to $3,250 for the nine months ended June 30, 2009. The reduction of $1,873 was a direct result of costs associated with the Company’s initial public offering and stock compensation.

Amortization. Amortization expense for the nine months ended June 30, 2010 and 2009 were $2,250 respectively. This expense is represented by the amortization of the company’s website (www.buyriteclub.com).

Net Loss. Net loss for the nine months ended June 30, 2010 was $6,250 as compared to $33,229 for the nine months ended June 30, 2009. The decrease in of net loss of $26,979 was a direct result of professional and consulting fees associated with the company’s initial public offering and the company’s initial audit and internal control procedures.

Impact of Inflation

We believe that the rate of inflation has had negligible effect on our operations. We believe we can absorb most, if not all, increased non-controlled operating costs by increasing sales prices, whenever deemed necessary and by operating our Company in the most efficient manner possible.

Liquidity and Capital Resources

Liquidity is the ability of a company to generate sufficient amounts of ~~cash~~funding ~~flow~~ to meet its ~~requirements~~need ~~and needs~~ for cash. Since its inception (August 31, 2008), the Company has been funded by its founders, stockholders and related parties with advances and loans and through the sale of common shares including its initial public offering. At ~~June~~December 3031, 2010, we had a working capital deficit of ($19,893) and an accumulated deficit of ($4556,~~249~~643), as compared to a working capital deficit of ($56,~~999~~847) and an accumulated deficit of ($3852,~~999~~847) at September 30, ~~2009~~2010. ~~Our working capital needs are currently being met by advances and loans from our sole officer and director, Judith Adelstein.~~

As of ~~June~~December 3031, 2010 and September 30, ~~2009~~2010, total current assets were $1 and $511 respectively.

As of ~~June~~December 3031, 2010, total current liabilities were $~~0. As of September 30~~9,894 ~~2009,~~represented ~~total~~by ~~current liabilities were~~ $61,~~050,~~500 ~~which~~of ~~consisted~~accrued ofexpenses, $~~4,550~~46 of accrued ~~expenses~~interest payable and $18,~~500~~348 of loans from related parties. As ~~During~~of ~~the~~September ~~three (3) months ended~~30, ~~we issued Judith Adelstein~~2010, ~~our~~total ~~sole~~current ~~officer~~liabilities ~~and~~were ~~director~~$6, 21848,~~000~~ ofwhich ~~our~~consisted ~~common stock in exchange for indebtedness~~ of $~~8,400 and~~ 4,~~000~~870 ~~shares~~of toaccrued ~~two~~expenses ~~(2)~~and ~~other~~$1,978 ~~parties~~of inloans ~~exchange~~from ~~for~~related ~~services of $1,600~~parties.

Cash flows from financing activities ~~through~~and ~~loans~~cash ~~from~~generated ~~related~~through ~~parties~~the ~~and~~company’s issuance of ~~common~~commons shares (including ~~the~~its ~~cash generated through the company’s~~ initial public offering) represented the Company’s principal source of ~~cash~~funding since August 31, 2008 (inception) through ~~June~~December 3031, 2010.

Intangible Assets

Intangible assets consist of a web portal (www.buyriteclub.com), which is recorded at cost and amortized over a straight-line basis. The amortization expense for the nine month period ended June 30, 2010 and June 30, 2009 was $2,250.

The Company evaluates the recoverability of identifiable intangible assets whenever events or changes in circumstances indicate that an intangible asset’s carrying amount may not be recoverable. There was no impairment loss for the nine month periods ended June 30, 2010 and June 30, 2009.

Material Commitments

~~There~~The ~~were~~company noon ~~material~~September ~~commitments~~15, ~~during~~2008 entered into a contract with an independent contractor (BSP Rewards Inc.) to provide for the ~~nine~~internet ~~month~~mall ~~periods~~including ~~ended~~merchants, ~~June~~gift 30cards and back office accounting. The contract provides for the provider to participate as received a participation in the member’s savings. This contract is currently being reviewed by the parties since the parent company has recently merged as of October 19, 2010 and ~~June~~there ~~30,~~are ~~2009~~no assurances that the current contractual relationship will be continued.

Off-Balance Sheet Arrangements

We do not have any off-balance sheet arrangements or any anticipate entering into any off-balance arrangements that have or are reasonably likely to have a current or future effect on our financial condition, changes in financial condition, revenues or expenses, results of operations, liquidity, capital expenditures or capital resources that are material to investors.

Recent Accounting Pronouncements

The company has adopted all recently issued accounting pronouncements. The adoption of the accounting pronouncements, including those not yet effective, is not anticipated to have a material effect on the financial position or results of operations of the Company.

Item 3. Quantitative and Qualitative Disclosures About Market Risk

Not applicable for a smaller reporting company.

Item 4T. Controls and Procedures

We maintain disclosure controls and procedures that are designed to ensure that the information required to be disclosed in the reports that we file under the Securities Exchange Act of 1934 ~~are~~is recorded, processed, summarized and reported within the time periods specified in the Securities and Exchange Commission’s rules and forms, and that such information is accumulated and communicated to our management, including our President, ~~who also serves as our principal financial~~ and ~~accounting~~Treasurer, ~~officer~~ as appropriate, to allow timely decisions regarding required disclosures.

In designing and evaluating the disclosure controls and procedures, management recognized that any controls and procedures, no matter how well designed and operated, can only provide reasonable assurance of achieving the desired control objectives, and in reaching a reasonable level of assurance, management necessarily was required to apply its judgment in evaluating the cost-benefit relationship of possible controls and procedures.

As required by SEC Rule 13a-15(b), we carried out an evaluation, under the supervision and with the participation of our President of the effectiveness of the design and operation of our disclosure controls and procedures as of the end of our first fiscal quarter covered by this report. Based on the foregoing, our President, who also serves as our principal financial and accounting officer, concluded that our disclosure controls and procedures were effective at the reasonable assurance level.14

~~There~~As ~~has~~required ~~been~~by noSEC ~~change~~Rule in13a-15(b), we carried out an evaluation, under the supervision and with the participation of our ~~internal~~management, including our President and Treasurer, of the effectiveness of the design and operation of our disclosure controls ~~over~~and ~~financial~~procedures ~~reporting~~as ~~during~~of the end of our ~~last~~first fiscal quarter ~~that~~covered ~~has~~by ~~materially~~this ~~affected,~~report. orBased ison ~~reasonably~~the ~~likely~~foregoing, toour ~~materially~~President ~~affect,~~and Treasurer concluded that our ~~internal~~disclosure controls ~~over~~and ~~financial~~procedures ~~reporting~~were effective at the reasonable assurance level.

There has been no change in our internal controls over financial reporting during our first fiscal quarter that has materially affected, or is reasonably likely to materially affect, our internal controls over financial reporting.

PART II OTHER INFORMATION

Item 1. Legal Proceeding.

None.

Item 1A. Risk Factors.

~~There have been no material changes from the risk factors disclosed in our Annual Report on Form 10-K for the year ended September 30, 2009~~None.

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds.

None.

Item 3. Defaults Upon Senior Securities.

None.

Item 4. (Removed and Reserved).

Item 5. Other Information.

None.

Item 6. Exhibits

(a) Exhibits


Exhibit No.	Description

31.1	Rule 13a-14(a)/15d-14(a) Certification of Principal Executive Officer
31.2	Rule 13a-14(a)/15d-14(a) Certification of Principal Accounting and Financial Officer
32.1	Section 1350 Certification of Principal Executive Officer and Principal Accounting and Financial Officer

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

	BUYRITE CLUB CORP.	~~BUYRITE CLUB CORP.~~
DATE: July 7, 2010	By:	/s/ Judith Adelstein
DATE: January 26, 2011	By:	/s/ Judith Adelstein
		Judith Adelstein
		President, Chief Financial Officer, Principal Executive Officer, and Principal Accounting and Financial Officer
		President, Principal Executive Officer

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